Acct 468 Final - Ch 11

  1. Which of the following is NOT one of the basic assessments of damages? 



    D. All the above are damage assessments
  2. Which of the following is NOT covered in the Clayton Act? 



    C. Real-Estate Damages
  3. Which of the following is an example of predatory pricing? 




    A. One local grocery store cutting prices to below its’ competitor’s prices
  4. Which of the following is not a way of estimating cost behavior? 




    D. Product Measurement Method
  5. Which of the following is false regarding forensic accountants in antitrust litigation? 



    A. Forensic accountants are not able to determine whether predatory pricing has occurred.
  6. Which of the following ways of estimating cost behavior classifies the cost accounts in the subsidiary ledger as fixed, variable etc., based on experience and judgement?  



    B. Account analysis method
  7. The act of pricing a product so low that the only logical explanation is that the pricing is designed to competitors out of business describes ______________  



    B. Predatory pricing
  8. Which of the following is a statistical technique for measuring the nature and strength of the relationship between two variables?  



    A. Regression/correlation analysis
  9. Accountants often play a vital role in helping to either establish or refute liability in antitrust disputes. What is the primary issue that forensic accountants address? 



    C. Whether the defendant appears to have engaged in predatory pricing.
  10. When sales commission are based solely on a percentage of sales dollars achieved, sales commission costs increase or decrease in proportion to the dollar amount of sales. Costs that behave in this manner are called:


    A. Variable costs
  11. 1) What is the best example of a monopoly? 



    D. NFL
  12. What is now a reason to assess damages in an anti trust case? 



    D. all of the above are valid reasons
  13. A quick and easy approach of estimating cost behavior is the: 



    B. High-Low method
  14. A third cost classification useful in cost behavior analyses relating to litigation support is: 



    D. Mixed Costs
  15. Under the Federal False Claims Act, a person acts knowingly with respect to information if the person has:  



    D. All of the above
  16. Under the Clayton Antitrust Act, which of the following is a form of damages that cannot be received under antitrust litigation? 




    C. Punitive Damages
  17. Which of these options is not the basic reason for the assessment of damages: 
    a) Making the plaintiff whole so that no injury has occurred;  
    b) Ensuring that there is no unjust enrichment, so that the defendant does not profit from its illegal acts; and  
    c) Providing a disincentive to anyone considering breaking the law.  
    d) All of the above are reasons for the assessment of damages.
    d) All of the above are reasons for the assessment of damages.
  18. Which statement is false: 
    a) Accountants may act as an expert witness for the defense, the government, or a whistleblower litigating the qui tam parts of the case 
    b)The dynamics of FFCA cases can be quite different than typical cases 
    c) Accountants have a unique role to play in FFCA cases. 
    d) All of the above are right.
    d) All of the above are right.
  19. Which of the following is not a common type of cost behavior? 



    B. Dependent Costs
  20. What is the regression line often referred to as? 




    E. A & B
  21. All of the following are recoverable damages under the Clayton act except: 



    D. Punitive Damages
  22. Treble damages are normally allowed for: 



    D. Either overcharges paid or lost profits or deprivation to the value of a business, but not both
  23. The basic reasons for assessment of damages are all of the following except:



    D. All of the above are basic reasons for assessment of damages
  24. The act of pricing a product so low that the only logical explanation is that the pricing is designed to drive competitors out of business is called:



    C. Predatory pricing method
  25. Which of the following are basic reasons for the assessment of damages? 



    D. All of the above.
  26. Which of the following is NOT an acceptable method for calculating damages? 



    A. Ruler Method
  27. The most powerful and useful method of cost behavior analysis available to the forensic accountant is:



    B. Regression-correlation analysis
  28. In correlation analysis, the coefficient that is the portion of the relationship between the two variables that is not explained by the coefficient of determination: 



    C. The coefficient of nondetermination.
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Acct 468 Final - Ch 11
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Acct 468 Final - Ch 11
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